Political and business leaders invited to the World Economic Forum's annual meeting in Davos this week will sift through the blessings and curses of global interdependence that not only brought the world’s economies to a collective low three years ago but also provide the only realistic return to prosperity

In Focus

The use of technology and learning from other countries are two good ways to boost the US education system, Bill and Melinda Gates, cofounders of the charitable organization the Bill and Melinda Gates Foundation, told CNBC Friday.

The U.K.'s most recent GDP showing was disappointing, but the government can policy make adjustments to improve future performance, Britain's Chancellor of the Exchequer George Osborne told CNBC Friday.

Bank of America does not need to raise fresh capital to comply with the new regulations shaping the financial world and the quality of its credit portfolios is getting better, CEO Brian Moynihan told CNBC.

The US needs to change the way it is spending money if it wants to ensure a sustainable recovery, Joseph Stiglitz, economy professor at Columbia and a Nobel prize laureate, told CNBC Friday from Davos.

Rep. Barney Frank (D-Mass.), co-author of the Dodd-Frank law, said legislative efforts succeeded in discouraging the "perverse incentive" of the past by prompting companies to provide "more compensation in stock.

Higher commodities prices and an uptick in China's inflation rate are putting the global economy in a better situation by cutting the potential for deflation, George Soros, chairman of Soros Fund Management, told CNBC Wednesday.

The White House plan to partially freeze government spending is just "spare change" compared to a budget deficit of more than $1 trillion and eventually the US will have to raise taxes, economist Nouriel Roubini told CNBC Wednesday.

Though the US-China relationship often dominates the geopolitical trade debate, Beijing is now the top trading partner for Japan, Australia and South Africa, as well as South Korea, Hong Kong and Taiwan.

Global leadership in the sector is still fragmented—the U.S. China, Brazil and Israel can all lay claim in certain fields—but there's no doubt the sector’s center of gravity is moving slowly from the developed economies to the emerging markets.

Government policymakers in Davos this week looking to revive growth might want to emulate global mutual-fund managers, who are having no trouble finding growth stories across the developing world and in pockets of developed markets.